In Orange County it’s not uncommon to find homes or condominiums for sale that are part of a homeowners association (HOA). Sadly few first time buyers are really familiar with HOA’s, and what they get for the money that they are paying to an HOA every month.
Benefits of an HOA
If you plan on buying a home or condo that’s part of an HOA, there are many benefits to you including:
• Maintenance – The first thing that your Homeowners Association will do for you is take care of the landscape or maintenance in common areas around the home or property that you’re living in so you don’t have to perform that work yourself.
• Community Standards – HOA’s also help to preserve the standards of the community by insuring that each homeowner follow the same regulations for the ongoing maintenance, repair and or renovation of their homes so that no homeowner lets their home fall into a state of disrepair, or make an addition or “improvement” to their home, which will make it adversely stand out from other homes in the community.
• Excellent Planning – One of the great things about living in an HOA community is that you can have confidence that if your community is still being developed your HOA will have regular meetings to insure that the land is being used efficiently and this will effectively eliminate any “urban sprawl” that can be found in other communities.
• Amenities – Your HOA fees will also enable you to use any amenities or facilities that may be part of your community like: tennis courts, swimming pools and playgrounds for your children.
Sense of Community
Last of all, but most important, being a part of an HOA means that you will enjoy a sense community where you are living, and you can have confidence that everyone who lives in the same development or complex will be committed to preserving that same “standard of excellence” that you’ve come to know and love in your community.
To learn more about the benefits of HOA’s, or to view the latest Orange County Homes for Sale, contact Fred Sed & Associates today by calling us at (949) 272-0125.